<SEC-DOCUMENT>0001069530-14-000022.txt : 20140624
<SEC-HEADER>0001069530-14-000022.hdr.sgml : 20140624
<ACCEPTANCE-DATETIME>20140609164922
ACCESSION NUMBER:		0001069530-14-000022
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140609
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20140609
DATE AS OF CHANGE:		20140609

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PAIN THERAPEUTICS INC
		CENTRAL INDEX KEY:			0001069530
		STANDARD INDUSTRIAL CLASSIFICATION:	PHARMACEUTICAL PREPARATIONS [2834]
		IRS NUMBER:				911911336
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-29959
		FILM NUMBER:		14899622

	BUSINESS ADDRESS:	
		STREET 1:		7801 N CAPITAL OF TEXAS HIGHWAY
		STREET 2:		SUITE 260
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78731
		BUSINESS PHONE:		512-501-2444

	MAIL ADDRESS:	
		STREET 1:		7801 N CAPITAL OF TEXAS HIGHWAY
		STREET 2:		SUITE 260
		CITY:			AUSTIN
		STATE:			TX
		ZIP:			78731
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ptie-20140609x8k.htm
<DESCRIPTION>8-K
<TEXT>
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			9c6579edf5c441a
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			<a name="_GoBack"></a><font style="display: inline;">&nbsp;</font>
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		<p style="margin:2.25pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;font-weight:bold;font-size:18pt;">UNITED STATES</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;font-weight:bold;font-size:18pt;">SECURITIES AND EXCHANGE COMMISSION</font>
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		<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Washington</font><font style="display: inline;font-weight:bold;">, &nbsp;</font><font style="display: inline;font-weight:bold;">DC</font><font style="display: inline;font-weight:bold;">&nbsp;</font><font style="display: inline;font-weight:bold;">20549</font><font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 18pt">
			<font style="display: inline;font-weight:bold;font-size:18pt;">FORM 8-K</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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		<p style="margin:0pt 227.4pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">CURRENT REPORT</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;">Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Date of Report (Date of </font><font style="display: inline;font-weight:bold;font-size:10pt;">earliest event reported): </font><font style="display: inline;font-weight:bold;font-size:10pt;">June </font><font style="display: inline;font-weight:bold;font-size:10pt;">9</font><font style="display: inline;font-weight:bold;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">201</font><font style="display: inline;font-weight:bold;font-size:10pt;">4</font><font style="display: inline;font-weight:bold;font-size:10pt;"> &nbsp;(</font><font style="display: inline;font-weight:bold;font-size:10pt;">June </font><font style="display: inline;font-weight:bold;font-size:10pt;">6</font><font style="display: inline;font-weight:bold;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-weight:bold;font-size:10pt;">201</font><font style="display: inline;font-weight:bold;font-size:10pt;">4</font><font style="display: inline;font-weight:bold;font-size:10pt;">)</font>
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		<p style="margin:0pt 227.4pt;border-bottom:1pt solid #000000 ;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<a name="FIS_UNIDENTIFIED_TABLE"></a><font style="display: inline;">&nbsp;</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 24pt">
			<font style="display: inline;font-weight:bold;font-size:24pt;">Pain Therapeutics, Inc.</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt">
			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Exact name of registrant as specified in its charter)</font>
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			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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						&nbsp;</p>
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						&nbsp;</p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">DELAWARE</font><font style="display: inline;">&nbsp;</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">000-29959</font></p>
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						<font style="display: inline;font-weight:bold;font-size:10pt;">91-1911336</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">(State or other jurisdiction</font></p>
					<p style="margin:0pt 0.8pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 7pt">
						<font style="display: inline;font-weight:bold;font-size:7.5pt;">of incorporation)</font></p>
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						<font style="display: inline;font-size:7.5pt;">&nbsp;</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Commission File Number)</font></p>
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						<font style="display: inline;font-size:7.5pt;">&nbsp;</font></p>
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						<font style="display: inline;font-weight:bold;font-size:7.5pt;">(IRS Employer</font></p>
					<p style="margin:0pt 0.8pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 7pt">
						<font style="display: inline;font-weight:bold;font-size:7.5pt;">Identification No.)</font></p>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">7801 N. Capital of Texas Highway</font><font style="display: inline;font-weight:bold;font-size:10pt;">, Suite 260</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">Austin, Texas 78731</font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt">
			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Address of principal executive offices, including zip code)</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">512-501-2444</font>
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		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 7pt">
			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Registrant&#x2019;s telephone number, including area code)</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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		<p style="margin:9pt 0pt 0pt;text-align:center;font-family:Times New Roman;font-size: 7pt">
			<font style="display: inline;font-weight:bold;font-size:7.5pt;">(Former name or former address, if changed since last report)</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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		<p style="margin:0pt 227.4pt;border-bottom:1pt solid #000000 ;text-align:center;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:9pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xA8;</font></p>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</font></p>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xA8;</font></p>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
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		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:477.00pt;margin-left:0pt;">
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xA8;</font></p>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 9pt">
			<font style="display: inline;font-size:9pt;">&nbsp;</font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&#xA8;</font></p>
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					<p style="margin:0pt 0.8pt 0pt 0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 5pt">
			<font style="display: inline;font-size:5pt;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 10pt"><font style="display: inline;font-weight:bold;font-size:10pt;"></font><font style="display: inline;font-weight:bold;font-size:10pt;">Item&nbsp;5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font>
		</p>
		<p style="margin:4.5pt 0pt 0pt;text-indent:24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On </font><font style="display: inline;font-size:10pt;">June </font><font style="display: inline;font-size:10pt;">6</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> the Compensation Committee </font><font style="display: inline;font-size:10pt;">(the &#x201C;Committee&#x201D;) </font><font style="display: inline;font-size:10pt;">of the Board of Directors </font><font style="display: inline;font-size:10pt;">(the &#x201C;Board&#x201D;) </font><font style="display: inline;font-size:10pt;">of Pain Therapeutics, Inc. (the &#x201C;Company&#x201D;) approved </font><font style="display: inline;font-size:10pt;">change</font><font style="display: inline;font-size:10pt;">s</font><font style="display: inline;font-size:10pt;"> in compensation </font><font style="display: inline;font-size:10pt;">for</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">the Company&#x2019;s named executive officers (as defined in Item&nbsp;402(a)(3) of Regulation&nbsp;S-K promulgated by the Securities and Exchange Commission) with respect to the officers&#x2019; and the Company&#x2019;s performance</font><font style="display: inline;font-size:10pt;"> from mid-</font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">3</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">to mid-</font><font style="display: inline;font-size:10pt;">201</font><font style="display: inline;font-size:10pt;">4</font><font style="display: inline;font-size:10pt;">. &nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-indent:24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:24.5pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">As a result, t</font><font style="display: inline;font-size:10pt;">he base salary for Remi Barbier, </font><font style="display: inline;font-size:10pt;">Chairman of the Board, </font><font style="display: inline;font-size:10pt;">President and Chief Executiv</font><font style="display: inline;font-size:10pt;">e Officer, was increased to $</font><font style="display: inline;font-size:10pt;">800</font><font style="display: inline;font-size:10pt;">,000 per year </font><font style="display: inline;font-size:10pt;">from $</font><font style="display: inline;font-size:10pt;">725</font><font style="display: inline;font-size:10pt;">,000 per year.</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">&nbsp;</font><font style="display: inline;font-size:10pt;">The </font><font style="display: inline;font-size:10pt;">base salary for Nadav </font><font style="display: inline;font-size:10pt;">Friedmann,&nbsp;Ph.D.,&nbsp;M.D., Chief Medical and Operating Officer</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> was increased to $</font><font style="display: inline;font-size:10pt;">290</font><font style="display: inline;font-size:10pt;">,000 per year from $</font><font style="display: inline;font-size:10pt;">275</font><font style="display: inline;font-size:10pt;">,000.&nbsp;&nbsp;The base salary for Peter S. Roddy, Vice President and Chief Financial Officer</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> was increased to $</font><font style="display: inline;font-size:10pt;">345</font><font style="display: inline;font-size:10pt;">,000 from $</font><font style="display: inline;font-size:10pt;">330</font><font style="display: inline;font-size:10pt;">,000 per year.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0.9pt 0pt 0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">On June 6, 2014, the Committee terminated a performance-related goal </font><font style="display: inline;font-size:10pt;">set in 2012 and </font><font style="display: inline;font-size:10pt;">tied to a specific </font><font style="display: inline;font-size:10pt;">confidential </font><font style="display: inline;font-size:10pt;">internal development program.&nbsp; </font><font style="display: inline;font-size:10pt;">Had this goal been met prior to termination</font><font style="display: inline;font-size:10pt;">, Mr. Barbier would have received $250,000, Dr. Friedmann would have received $100,000, Mr. Roddy would have received $50,000 and Grant Schoenhard, Ph.D., Chief Scientific Officer</font><font style="display: inline;font-size:10pt;">,</font><font style="display: inline;font-size:10pt;"> would have received $25,000.&nbsp;&nbsp;The Compensation Committee also terminated </font><font style="display: inline;font-size:10pt;">related </font><font style="display: inline;font-size:10pt;">performance-based stock awards </font><font style="display: inline;font-size:10pt;">within the terms of the Company&#x2019;s 2008 Equity Incentive Plan.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0.9pt 0pt 0pt;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">The Compensation Committee</font><font style="display: inline;font-size:10pt;"> also established a performance-</font><font style="display: inline;font-size:10pt;">related goal tied to a </font><font style="display: inline;font-size:10pt;">specific </font><font style="display: inline;font-size:10pt;">milestone for an undisclosed </font><font style="display: inline;font-size:10pt;">development program.</font><font style="display: inline;font-size:10pt;"> &nbsp;The program is currently confidential and undisclosed in order to protect the program&#x2019;s intellectual property.&nbsp; </font><font style="display: inline;font-size:10pt;">If this performance-</font><font style="display: inline;font-size:10pt;">related goal </font><font style="display: inline;font-size:10pt;">is</font><font style="display: inline;font-size:10pt;"> achieved, </font><font style="display: inline;font-size:10pt;">Mr. Barbier </font><font style="display: inline;font-size:10pt;">will</font><font style="display: inline;font-size:10pt;"> receive $</font><font style="display: inline;font-size:10pt;">300</font><font style="display: inline;font-size:10pt;">,000, Dr. Friedmann </font><font style="display: inline;font-size:10pt;">will receive </font><font style="display: inline;font-size:10pt;">$</font><font style="display: inline;font-size:10pt;">150</font><font style="display: inline;font-size:10pt;">,000, Mr. Roddy </font><font style="display: inline;font-size:10pt;">will</font><font style="display: inline;font-size:10pt;"> receive $</font><font style="display: inline;font-size:10pt;">7,5</font><font style="display: inline;font-size:10pt;">00 and </font><font style="display: inline;font-size:10pt;">Dr. </font><font style="display: inline;font-size:10pt;">Schoenhard </font><font style="display: inline;font-size:10pt;">will</font><font style="display: inline;font-size:10pt;"> receive $</font><font style="display: inline;font-size:10pt;">7,5</font><font style="display: inline;font-size:10pt;">00.&nbsp; </font><font style="display: inline;font-size:10pt;">This</font><font style="display: inline;font-size:10pt;"> performance-</font><font style="display: inline;font-size:10pt;">related goal</font><font style="display: inline;font-size:10pt;"> &nbsp;a</font><font style="display: inline;font-size:10pt;">lso provide</font><font style="display: inline;font-size:10pt;">s</font><font style="display: inline;font-size:10pt;"> for performance-</font><font style="display: inline;font-size:10pt;">based stock awards </font><font style="display: inline;font-size:10pt;">within the terms of the Company&#x2019;s 2008 Equity Incentive Plan.</font>
		</p>
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			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0.9pt 0pt 0pt;line-height:normal;text-indent:18pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp;</font>
		</p>
		<p style="margin:0pt;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-weight:bold;font-size:10pt;">SIGNATURES </font>
		</p>
		<p style="margin:9pt 0pt 0pt;text-indent:24.5pt;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. </font>
		</p>
		<p style="margin:0pt;border-top:1pt none #D9D9D9 ;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font>
		</p>
		<div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;CellSpacing:0;margin-left:0pt;">
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						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
				</td>
				<td colspan="3" valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Pain Therapeutics, Inc. </font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;overflow: hidden;font-size:0pt;">
						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">Dated: </font><font style="display: inline;font-size:10pt;">June </font><font style="display: inline;font-size:10pt;">9</font><font style="display: inline;font-size:10pt;">, &nbsp;</font><font style="display: inline;font-size:10pt;">2014</font><font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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				<td valign="top" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">By: </font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt 0pt 0.75pt;border-bottom:1pt solid #000000 ;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">/s/&nbsp;&nbsp;&nbsp;&nbsp;Peter S. Roddy </font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
						&nbsp;</p>
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				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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				<td valign="bottom" style="width:auto;padding:0pt;">
					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">Peter S. Roddy </font></p>
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					<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-size:10pt;">&nbsp;</font></p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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						&nbsp;</p>
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						<font style="display: inline;font-size:10pt;">&nbsp; &nbsp;</font></p>
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					<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
						<font style="display: inline;font-style:italic;font-size:10pt;">Vice President and Chief Financial Officer </font></p>
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			<font style="display: inline;font-size:7.5pt;">&nbsp; &nbsp;</font>
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			<font style="display: inline;">&nbsp;</font>
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